Company profile

Ticker
FDP
Exchange
CEO
Mohammad Ahmad Mohammad Abu-Ghazaleh
Employees
Incorporated
Location
Fiscal year end
SEC CIK

FDP stock data

(
)

Calendar

29 Jul 20
30 Sep 20
1 Jan 21

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.0127 927 22.26K 6,873,951
17 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.018 1,000 24.02K 6,874,878
16 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.0227 2,200 52.85K 6,875,878
14 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24 100 2.4K 6,878,078
11 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.0537 5,002 120.32K 6,878,178
10 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.1391 16,890 407.71K 6,883,180
9 Sep 20 Abu-ghazaleh Mohammad Ordinary Shares Sell Dispose S Yes 24.0936 12,493 301K 6,900,070
4 Sep 20 Martha V. Jeifetz Dividend Equivalent Units Ordinary Shares Grant Aquire A No 0 16.825 0 73.746
69.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 139 140 -0.7%
Opened positions 19 20 -5.0%
Closed positions 20 20
Increased positions 47 56 -16.1%
Reduced positions 50 43 +16.3%
13F shares
Current Prev Q Change
Total value 886.98M 914.5M -3.0%
Total shares 32.76M 33.1M -1.0%
Total puts 68.4K 25.6K +167.2%
Total calls 40.7K 28.5K +42.8%
Total put/call ratio 1.7 0.9 +87.1%
Largest owners
Shares Value Change
FMR 7.16M $176.23M -0.6%
BLK BlackRock 4.85M $119.43M +3.8%
Dimensional Fund Advisors 3.9M $96.08M -3.7%
Vanguard 3.2M $78.68M -8.6%
Russell Investments 1.43M $35.16M +80.8%
Capital World Investors 1.03M $25.31M 0.0%
STT State Street 1.01M $24.88M -2.6%
Boston Partners 727.64K $17.85M -8.3%
AMP Ameriprise Financial 653.91K $16.1M +18.3%
NTRS Northern Trust 637.34K $15.69M +26.9%
Largest transactions
Shares Bought/sold Change
Alliancebernstein 54.53K -776.77K -93.4%
Russell Investments 1.43M +638.52K +80.8%
JPM JPMorgan Chase & Co. 379.47K +306.59K +420.7%
Vanguard 3.2M -300.1K -8.6%
BK Bank of New York Mellon 337.75K -290.41K -46.2%
Nordea Investment Management Ab 358.19K +204.89K +133.7%
BLK BlackRock 4.85M +176.92K +3.8%
Renaissance Technologies 541.3K -155.5K -22.3%
Dimensional Fund Advisors 3.9M -149.95K -3.7%
Clifford Capital Partners 0 -136.6K EXIT

Financial report summary

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Competition
Dole FoodBol
Risks
  • We could realize losses and suffer liquidity problems due to declines in sales prices for bananas, pineapples and other fresh produce.
  • Due to fluctuations in the supply of and demand for fresh produce, our results of operations are seasonal, and we realize a greater portion of our net sales and gross profit during the first two quarters of each year.
  • Crop disease, severe weather, natural disasters and other conditions affecting the environment, including the effects of climate change, could result in substantial losses and weaken our financial condition.
  • The markets in which we operate are highly competitive, which could adversely affect our profitability.
  • We are subject to material currency exchange risks because our operations involve transactions denominated in various currencies, which could negatively affect our operating results.
  • Our strategy of diversifying our product line, expanding into new geographic markets and increasing the value-added services that we provide to our customers may not be successful.
  • Impairment of our goodwill, other intangible assets, and long-lived assets has resulted in significant charges that adversely impacted our operating results, and these assets are subject to the risk of future impairments which could adversely impact our operating results.
  • Demand for our products is subject to changing consumer preferences, and a reduction in demand for any one or more of our products could negatively impact our sales and profits.
  • The loss of one or more of our largest customers, or a reduction in the level of purchases made by these customers, could negatively impact our sales and profits.
  • Increased prices for fuel, packaging materials or short-term refrigerated ship charter rates could increase our costs significantly.
  • We are subject to the risk of product contamination and product liability claims which could materially and adversely affect our results and financial condition.
  • We are subject to legal and environmental risks that could result in significant cash outlays.
  • Environmental and other regulation of our business could adversely impact us by increasing our production cost or restricting our ability to import certain products into the United States.
  • Environmental regulation of our business, as a response to climate change, could adversely impact us by increasing our compliance costs and could have a material adverse effect on our results and financial condition.
  • We are exposed to political, economic and other risks from operating a multinational business which could have a material adverse effect on our results and financial condition.
  • Our success depends on the services of our senior executives, the loss of whom could disrupt our operations.
  • We may not be able to successfully consummate and manage ongoing acquisition, joint venture and business partnership activities, which could have an adverse impact on our results.
  • We face risks in connection with our acquisition of Mann Packing.
  • Our indebtedness could limit our financial and operating flexibility and subject us to other risks.
  • Our principal shareholders are able to significantly influence all matters requiring shareholder approval.
  • A substantial number of our Ordinary Shares are available for sale in the public market, and sales of those shares could adversely affect our share price.
  • Our organizational documents contain a variety of anti-takeover provisions that could delay, deter or prevent a change in control.
  • Our shareholders have limited rights under Cayman Islands law.
  • Increases in wage and benefit costs, changes in laws and other labor regulations, and labor disruptions could impact our financial results and decrease our profitability.
  • Risks Relating to Our Information Systems
  • Changes in tax laws in any of the jurisdictions in which we operate, or in which we establish holding companies, could cause fluctuations in our overall tax rate and adversely impact our operating results.
  • Any failure to adequately store, maintain and deliver quality perishable foods could materially adversely affect our business, financial condition and operating results.
  • We are subject to transportation risks.
  • Immigration legislation may affect our ability to hire hourly workers and increase our costs.
Management Discussion
  • Net Sales. Net sales for the second quarter of 2020 were $1,092.3 million compared with $1,239.4 million for the second quarter of 2019. The decrease in net sales of $147.1 million was attributable to lower net sales in all of our business segments. The COVID-19 pandemic negatively impacted our net sales during the second quarter of 2020 by an estimated $132.0 million in our fresh and value-added products and banana segments, as compared to our original expectations for these segments which were developed prior to the pandemic. These negative impacts were primarily the result of volatile supply and demand conditions resulting from the pandemic, as well as reduced demand in our foodservice distribution channel and shifting demand in retail due to government imposed mandatory closures and restrictions across various of our key global markets. The effect of government imposed mandatory closures and restrictions and the lack of family gatherings for Easter, Mother’s Day, Father’s Day, school graduations and summer events specifically in North America has significantly reduced demand for many of our fresh and value-added products.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: addressing, carrier, concentrate, consumption, correspondingly, critical, dedesignated, defense, driven, Easter, family, Father, federal, function, hypothetical, introduced, lack, large, led, local, Mother, priority, receipt, resuming, safe, school, sharesauthorized, Staffing, state, store, top, traditional
Removed: AOCI, Costa, Jordanian, previously, Rica, saving